Bloomin' Brands, Inc. (NASDAQ:BLMN) is reporting second quarter financial results on Friday 24th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, BLMN is expected to report 2Q20 loss of $ 1.12 per share from revenue of $ 592.69 million.
For the full year, analysts anticipate top line of $ 3228.12 million, while looking forward to loss of $ 1.57 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.85 ~ $ 1.90 per share
Click Here For More Historical Outlooks Of Bloomin' Brands, Inc.
Previous Quarter Performance
Bloomin' Brands, Inc. revealed income for the first quarter of $ 0.14 per share, from the revenue of $ 1,008.00 million. The quarterly earnings decreased 81.33 percent while revenues declined 10.65 percent compared with the same quarter last year.
According to street consensus, BLMN was expected to report 1Q20 income of $ 0.20 per share from revenue of $ 986.00 million. The bottom line results missed street analysts by $ 0.06 or 30 percent, at the same time, top line results outshined analysts by $ 22.00 million or 2.23 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Bloomin' Brands, Inc.
Stock Performance
According to the previous trading day, closing price of BLMN was $ 10.76, representing a 137.00 % increase from the 52 week low of $ 4.54 and a 55.7 % decrease over the 52 week high of $ 24.29.
The company has a market capital of $ 941.35 million and is part of the Consumer Cyclical sector and Restaurants industry.
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Recent Analyst recommendations
On 9th July 2020, initiated by Credit Suisse Group at Neutral rating, with $ 12.00 target price.
On 1st July 2020, downgraded by Gordon Haskett to Hold from Buy rating, with $ 12.00 target price.
On 29th May 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 16.00 target price.
Conference Call
Bloomin' Brands, Inc. will be hosting a conference call at 8:30 AM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bloominbrands.com
Bloomin Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International.
